ENI (NYSE:E) Stock Rating Reaffirmed as Buy by UBS Group

Key Points

• UBS Group reaffirmed its “Buy” rating on ENI, while the broader analyst consensus remains “Moderate Buy” with a $58.45 price target.
• ENI shares rose 0.6% to $55.98, near the company’s 12-month high of $58.00; the stock has a market capitalization of approximately $94.5 billion.
• ENI’s latest quarterly earnings beat expectations, with adjusted EPS of $1.76 versus the $1.66 consensus estimate, although revenue of $25.87 billion fell short of the $27.93 billion forecast.

ENI (NYSE:E - Get Free Report)'s stock had its "buy" rating reaffirmed by UBS Group in a research report issued to clients and investors on Tuesday.

Other analysts have also issued research reports about the stock. Erste Group Bank lowered shares of ENI from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. BNP Paribas Exane lowered shares of ENI from an "outperform" rating to a "neutral" rating and set a $56.30 price target for the company. in a report on Wednesday. Wall Street Zen raised shares of ENI from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Barclays reiterated an "overweight" rating on shares of ENI in a report on Monday. Finally, Weiss Ratings raised shares of ENI from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.45.

ENI Stock Up 0.6%

Shares of NYSE E traded up $0.36 on Tuesday, hitting $55.98. The company had a trading volume of 408,128 shares, compared to its average volume of 328,752. ENI has a 12-month low of $34.03 and a 12-month high of $58.00. The business has a 50 day moving average of $54.86 and a two-hundred day moving average of $53.40. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $94.49 billion, a P/E ratio of 14.32, a PEG ratio of 0.22 and a beta of 0.44.

ENI (NYSE:E - Get Free Report) last announced its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. The business had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $27.93 billion. ENI had a return on equity of 11.27% and a net margin of 6.51%. As a group, equities research analysts forecast that ENI will post 6.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in shares of ENI by 111.2% during the second quarter. IFP Advisors Inc now owns 659 shares of the oil and gas exploration company's stock worth $31,000 after purchasing an additional 347 shares during the last quarter. CoreCap Advisors LLC increased its holdings in ENI by 8,235.3% in the third quarter. CoreCap Advisors LLC now owns 1,417 shares of the oil and gas exploration company's stock valued at $77,000 after buying an additional 1,400 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in ENI during the first quarter valued at approximately $85,000. EWA LLC acquired a new stake in ENI during the first quarter valued at approximately $202,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in ENI during the first quarter valued at approximately $203,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Company Profile

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.

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